Monthly Price Correction is Coming Soon For Bitcoin Price

in Project HOPE • 16 days ago

Bitcoin entered daily price correction in March. Bitcoin entered weekly price correction in April. Monthly price correction is coming soon for Bitcoin. Even Bitcoin price entered price correction, we can say that we may be at the beginning of this move.

Here you can see monthly chart of Bitcoin price. Bitcoin made 7 monthly green candles. After these candles, April will be red candle. It was one of the longest green candles series for Bitcoin. After these green candles, we may see more red monthly candles for price correction..

Fisher Indicator is on the top and need to reverse. If it reverses, price correction may take long time.. There is RSI Indicator below price chart. RSI Indicator touched the overbought level and went down. You can see similarity between end of 2021 and now. Bitcoin may enter longterm price correction!

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Even lots of market players are waiting for bullish season, we need a few months to complete price correction. Here you can see weekly chart of Bitcoin. Fisher Indicator reversed from the top in weekly chart. This was 3rd week for red weekly red candles. These are worst datas for Bitcoin price chart. There is also support line on weekly chart of Bitcoin's RSI Indicator. Bitcoin price may be supported again..

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Sell in May, go away may be true. We have seen lots of red monthly candles in May. It may be great chance to pick up crypto with cash before altcoin season.

We will see..

#crypto #palnet #krsuccess #analysis #trading #bitcoin #projecthope
16 days ago in Project HOPE by
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     16 days ago 

    Thank you, friend!
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    Thank you for witnessvoting for me.
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       16 days ago 

      Congratulations, your post has been upvoted by @upex with a 0.40% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex

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         15 days ago 

        To my own prediction, I feel we might be bleeding in price value very soon though it might not actually be that massive

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